• bitcoinBitcoin (BTC) $ 103,478.00
  • ethereumEthereum (ETH) $ 2,498.05
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.38
  • bnbBNB (BNB) $ 643.90
  • solanaSolana (SOL) $ 169.35
  • usd-coinUSDC (USDC) $ 0.999901
  • dogecoinDogecoin (DOGE) $ 0.219575
  • cardanoCardano (ADA) $ 0.753605
  • tronTRON (TRX) $ 0.271994
  • staked-etherLido Staked Ether (STETH) $ 2,495.80
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,220.00
  • suiSui (SUI) $ 3.82
  • wrapped-stethWrapped stETH (WSTETH) $ 3,002.26
  • chainlinkChainlink (LINK) $ 15.59
  • avalanche-2Avalanche (AVAX) $ 22.74
  • stellarStellar (XLM) $ 0.289261
  • hyperliquidHyperliquid (HYPE) $ 26.82
  • shiba-inuShiba Inu (SHIB) $ 0.000014
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  • leo-tokenLEO Token (LEO) $ 8.67
  • bitcoin-cashBitcoin Cash (BCH) $ 398.90
  • the-open-networkToncoin (TON) $ 3.10
  • litecoinLitecoin (LTC) $ 97.86
  • polkadotPolkadot (DOT) $ 4.70
  • usdsUSDS (USDS) $ 0.999857
  • wethWETH (WETH) $ 2,499.67
  • moneroMonero (XMR) $ 343.52
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 2,676.89
  • bitget-tokenBitget Token (BGB) $ 5.10
  • pepePepe (PEPE) $ 0.000013
  • pi-networkPi Network (PI) $ 0.743026
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,521.00
  • whitebitWhiteBIT Coin (WBT) $ 30.17
  • bittensorBittensor (TAO) $ 426.70
  • daiDai (DAI) $ 1.00
  • uniswapUniswap (UNI) $ 5.88
  • aaveAave (AAVE) $ 225.07
  • nearNEAR Protocol (NEAR) $ 2.75
  • aptosAptos (APT) $ 5.16
  • okbOKB (OKB) $ 53.01
  • jito-staked-solJito Staked SOL (JITOSOL) $ 203.69
  • crypto-com-chainCronos (CRO) $ 0.098512
  • ondo-financeOndo (ONDO) $ 0.930456
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.110191
  • tokenize-xchangeTokenize Xchange (TKX) $ 35.07
  • ethereum-classicEthereum Classic (ETC) $ 18.34
  • internet-computerInternet Computer (ICP) $ 5.22
  • gatechain-tokenGate (GT) $ 21.60
  • official-trumpOfficial Trump (TRUMP) $ 13.02
  • mantleMantle (MNT) $ 0.731477
  • vechainVeChain (VET) $ 0.028176
  • render-tokenRender (RENDER) $ 4.59
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • susdssUSDS (SUSDS) $ 1.05
  • ethenaEthena (ENA) $ 0.378805
  • cosmosCosmos Hub (ATOM) $ 4.75
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.236490
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 103,607.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.755060
  • filecoinFilecoin (FIL) $ 2.85
  • algorandAlgorand (ALGO) $ 0.219595
  • fasttokenFasttoken (FTN) $ 4.40
  • arbitrumArbitrum (ARB) $ 0.386753
  • celestiaCelestia (TIA) $ 2.62
  • worldcoin-wldWorldcoin (WLD) $ 1.10
  • sonic-3Sonic (prev. FTM) (S) $ 0.503644
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.54
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,503.67
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996826
  • bonkBonk (BONK) $ 0.000019
  • jupiter-exchange-solanaJupiter (JUP) $ 0.505366
  • makerMaker (MKR) $ 1,750.35
  • kucoin-sharesKuCoin (KCS) $ 11.53
  • binance-staked-solBinance Staked SOL (BNSOL) $ 178.65
  • quant-networkQuant (QNT) $ 95.05
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,608.10
  • story-2Story (IP) $ 4.87
  • blockstackStacks (STX) $ 0.858631
  • fartcoinFartcoin (FARTCOIN) $ 1.28
  • nexoNEXO (NEXO) $ 1.27
  • flare-networksFlare (FLR) $ 0.019068
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  • eosEOS (EOS) $ 0.792667
  • immutable-xImmutable (IMX) $ 0.652198
  • optimismOptimism (OP) $ 0.709374
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,836.83
  • injective-protocolInjective (INJ) $ 11.95
  • xdce-crowd-saleXDC Network (XDC) $ 0.072654
  • usdt0USDT0 (USDT0) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.71
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 103,470.00
  • the-graphThe Graph (GRT) $ 0.108835
  • dogwifcoindogwifhat (WIF) $ 0.971986
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,662.83
  • curve-dao-tokenCurve DAO (CRV) $ 0.686567
  • raydiumRaydium (RAY) $ 3.17
  • wbnbWrapped BNB (WBNB) $ 645.76
  • msolMarinade Staked SOL (MSOL) $ 219.01
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999691
  • flokiFLOKI (FLOKI) $ 0.000093
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 187.87
  • theta-tokenTheta Network (THETA) $ 0.868681
  • galaGALA (GALA) $ 0.019105
  • jasmycoinJasmyCoin (JASMY) $ 0.017443
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 103,293.00
  • lido-daoLido DAO (LDO) $ 0.923928
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  • clbtcclBTC (CLBTC) $ 104,330.00
  • coredaoorgCore (CORE) $ 0.802028
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • tether-goldTether Gold (XAUT) $ 3,211.72
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,620.27
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 102,930.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012383
  • iotaIOTA (IOTA) $ 0.222071
  • pax-goldPAX Gold (PAXG) $ 3,228.52
  • the-sandboxThe Sandbox (SAND) $ 0.307666
  • official-foOfficial FO (FO) $ 0.756678
  • heliumHelium (HNT) $ 4.02
  • dexeDeXe (DEXE) $ 12.84
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.21
  • bittorrentBitTorrent (BTT) $ 0.00000074
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.86
  • bitcoin-svBitcoin SV (BSV) $ 35.64
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,611.57
  • based-brettBrett (BRETT) $ 0.070503
  • kaiaKaia (KAIA) $ 0.116324
  • chain-2Onyxcoin (XCN) $ 0.020173
  • zcashZcash (ZEC) $ 40.45
  • usual-usdUsual USD (USD0) $ 0.997526
  • flowFlow (FLOW) $ 0.408318
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  • pendlePendle (PENDLE) $ 3.97
  • spx6900SPX6900 (SPX) $ 0.680213
  • jito-governance-tokenJito (JTO) $ 1.91
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998673
  • decentralandDecentraland (MANA) $ 0.329560
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.08
  • thorchainTHORChain (RUNE) $ 1.72
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  • ousgOUSG (OUSG) $ 111.09
  • grassGrass (GRASS) $ 2.09
  • pyth-networkPyth Network (PYTH) $ 0.156985
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.220884
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,498.51
  • super-oethSuper OETH (SUPEROETH) $ 2,497.16
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999902
  • aerodrome-financeAerodrome Finance (AERO) $ 0.637426
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 103,553.00
  • elrond-erd-2MultiversX (EGLD) $ 18.33
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,665.15
  • aioz-networkAIOZ Network (AIOZ) $ 0.438083
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  • dydx-chaindYdX (DYDX) $ 0.641837
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  • telcoinTelcoin (TEL) $ 0.005090
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  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 103,283.00

Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch

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Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch

Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight month of dwindling returns since December as the sector continued its downward earnings trend.

April Wrecks Bitcoin Miners Again—Revenue Slides for Fourth Month in a Row

Though the dip wasn’t dramatic, it was nonetheless a contraction. In April, bitcoin miners brought in $1.18 billion in total revenue, encompassing both block subsidies and transaction fees, according to data compiled by theblock.co. Of that sum, fees comprised $15.65 million. For comparison, March revenues reached $1.22 billion, placing April’s shortfall at precisely $40 million.

Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch

Source: theblock.co

Interestingly, transaction fees in April were slightly higher, with March recording $15.11 million in onchain fees. The overall revenue decline coincides with a higher BTC price compared to 30 days prior and an uptick in hashprice — the projected daily yield for 1 petahash per second (PH/s) of SHA256 processing power.

On April 1, the hashprice hovered at $46.88, whereas by May 1, it had climbed to $50.26. Still, miners are contending with a formidable obstacle: network difficulty. The metric currently sits at a record 123.23 trillion. With average block times slowing, the next scheduled difficulty adjustment on May 4, 2025, is projected to ease the strain by an estimated 5.47%.

For now, price appreciation remains one of the few tailwinds for miners, and while monthly earnings have declined, the contraction has been relatively mild. As miners navigate thinning margins and rising operational thresholds, the market subtly hints at a shift in equilibrium. Efficiency is no longer optional—it’s existential.

Source

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